ENERGY XXI GULF Technical Analysis (NASDAQ:EGC)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The ENERGY XXI GULF stock price data and volume are plotted in EGC stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for ENERGY XXI GULF. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of ENERGY XXI GULF stock analysis.
ENERGY XXI GULF Moving Average
Moving averages show the average price of EGC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $8.62 is above the price of $7.87.
ENERGY XXI GULF Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the EGC stock. Currently the stock price of $7.87 is in the lower range of ENERGY XXI GULF bollinger bands.
ENERGY XXI GULF Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The ENERGY XXI GULF MACD indicator is below 0 indicating a bearish trend.
ENERGY XXI GULF Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 15.27 is the RSI value of EGC stock.